What is a Payment Bond | NFP
https://www.nfp.com/insights/what-is-a-payment-bond/
WEBJun 15, 2021 · A payment surety bond is a legal contract, a type of bond, that guarantees certain employees, subcontractors, and suppliers are protected against non-payment. Other common names for these include 'construction', and 'labor and material'. In government contracting, these bonds are sometimes referred to as 'Miller Act Bonds'.
DA: 11 PA: 44 MOZ Rank: 16